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Free Stock Picks for Wednesday Aug 22th, 2018

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Dear traders,

I won’t be in the room today (maybe last hour but I can't promise that right now). Under you all can see three swing short ideas and one possible long trade. I like to note that for LMT long I don't have trading plan right now and idea is long at 325.65 with stop under yesterday low or morning low. Ideal will be more consolidation and then setup next week. Those three swing short trades look good to me what depends from market action and individual action. If we will see market correction then those short trades could turn to nice swing what will again depends from selling pace. At this moment I can't bring more details but for sure that look ok for me right now. If LMT will see setup, for start it will be more as day trade and depends from action we will see if can be for overnight nor not. For that need to close near today high.

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Trading the Market’s open can be very unpredictable and risky. As a reminder, I will not take any new trade that sets up during the open or within the opening five minutes. If a trade sets up during that time it will be cancelled and I will look for another set up and trading plan. Simply put, any trade that sets up on the open is no longer valid. I prefer to wait at least five minutes prior to taking a new trade. The first five minutes are highly volatile and subject to many false moves increasing the risk greatly. I just want to make everyone aware of the increased risk if you choose to take a trade during this time.

PLEASE NOTE:

The primary focus is to find Swing Trades. I look for intraday setups that have a potential to become swing trades.Since traders area diverse I do post additional ideas (day trades, position trades and scalp trades). It is up to you to decide which trades are appropriate for your trading style. I do NOT personally take every trade (I don't trade scalp and fast trades). Your success depends on YOU taking trades you understand and like. I am always available to contact for additional trade explanation.

TRADING THE OPEN

During normal market conditions our regular setups generally do very well regardless what time they are taken. Trading right at the open always adds risk. It is recommended that new trades not be taken for the first 5 minutes the market is open. I will treat each new trade that sets up during this time as a gap trade and wait till the stock comes back and takes out its 15 minute high or low.

Trading is risky. It is our job as traders to reduce this risk and increase our chances of success.

IMPORTANT:

Take only the opportunities that you really like and understand. Always enter a trade with a trading plan. If you have any questions, please feel free to ask me. There is a much greater chance of success in your trading if you understand the trade. That is very important. Taking just a few trades is enough to be a successful trader. Over trading is probably the number one reason new traders fail. I personally mostly take swing trades. Please remember to keep that in mind!!!!!!!!!!!!!!!